*ankers
 

So the plan: tax payers inject 50 billion to buy into the 8 big banks and another 200+ into a new company that loans money to these 8.

http://news.bbc.co.uk/1/hi/business/7658277.stm

Has anyone been watching/playing the shares. Traders must be making a killing at the moment with 30% plus increases and decreases in a day. No doubt they will be on the up again today.

Re: *ankers
 

If I had cash to spare I would. But you need to be real brave right now.

Re: *ankers
 

IIRC that's termed as short selling, and isn't permitted at the moment.

Re: *ankers
 

Its also how one banker earned $1.6Bn last year....lucky clever sod.

Re: *ankers
 

Short selling is selling shares you don't actually own, which is banned. Buying and selling them again quickly is not banned, but you'd have to be quick the rate they are rising and falling!

Re: *ankers
 

And brave, if you wait slightly too long they could drop down again, or company could even disappear with your shares!

If you want to buy some though i'd look at banks you expect to make it through.
Eg RBS, their shares were about £15 a little while back, I havn't checked past few days but they were around £2 or less, buy a few now wait until they recover.

Of course you can't be 100% sure.

Re: *ankers
 

Ah my mistake. I though quick buying/selling was suspended though?

Re: *ankers
 

can somebody make a note of the date and the time please.

the above occurance is akin to sighting Haleys Comet.

V rare.:smt026

Re: *ankers
 

Superb

Re: *ankers
 

No, though I do believe trading in RBS shares were temporarily suspended twice yesterday for another reason (something to do with two excessively large sales of shares). As I'm a shareholder (albeit with not many) I'm keeping an eye on them!